Romanians made over one million tax payments by card in 2016, worth RON 360 mln

Georgeta Gheorghe 13/03/2017 | 16:07

Romanians made over one million tax payments by card last year, worth RON 360 million, both at POS and online, data collected by Visa from banks in Romania shows. Moreover, the number of taxes paid online doubled compared to 2015 and accounted for one third of the total tax payments by card.

The total value of taxes paid by card increased by nearly 50 percent last year, to more than RON 360 million, as the number of online payments doubled and the card acceptance payment network continued to extend, according to data collected by Visa from banks in Romania.

The card tax payments’ volume increased ten times over the last six years, due to the obvious advantages provided by this payment method: security, convenience and speed. We have witnessed a spectacular increase in online payments especially, as they exempt taxpayers from going to the counter, helping them to save time. We welcome the authorities’ commitment towards supporting tax payments by card, and we expect their efforts for modernizing the payments network to lead to an increased collection to the state budget”, stated Catalin Cretu, General Manager for Romania, Croatia, Slovenia and Malta at Visa.

One out of three tax payments by card was made online last year, a noteworthy achievement given that only six years ago online payments were at an early stage in Romania, the Visa study said. More than 370,000 online payments were made in 2016, double compared to the previous year, with an overall value of RON 78 million.

The average card tax payment value (both online and offline) stood at nearly RON 340 in 2016, 2.5 times higher than the average card payment value, of RON 140 last year, according to the National Bank of Romania official data.

Local taxes can be paid by card at POS terminals installed at local administrations and postal offices, online on and the municipalities’ platforms, as well as at the info kiosks.

All public institutions that collect taxes and fines are due to accept card payments by the end of 2018, according to the provisions of the cash-back law. The number of municipalities enrolled on reached 264 at the end of last year, up by 40 percent compared to 2015. Over 200,000 users activated their accounts on the platform so far.

Visa runs until March 31 the 8th edition of its traditional annual campaign for promoting tax payments by card, aimed at informing the Romanian taxpayers about the benefits of electronic payments. The taxpayers that pay their local taxes before March 31 receive an up to 10 percent discount of their fiscal obligations, according to the Fiscal Code’s provisions.

BR Magazine | Latest Issue

Download PDF or read online: December 2022 Issue | Business Review Magazine

The December 2022 issue of Business Review Magazine is now available in digital format, featuring the main cover story titled “Xclusiverse: Going Beyond the Traditional Ways of Doing Business.”
Georgeta Gheorghe | 19/12/2022 | 18:45

    You will receive a download link for the latest issue of Business Review Magazine in PDF format, based on the completion of the form below.

    I agree with the Privacy policy of
    I agree with the storage and handling of my data by
    Advertisement Advertisement
    Close ×

    We use cookies for keeping our website reliable and secure, personalising content and ads, providing social media features and to analyse how our website is used.

    Accept & continue